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Ceturtdiena 20.06.2019 | Name days: Rasa, Rasma, Maira

Apple profit exceeds Microsoft first time in 20 years

Microsoft 2011 Q1 financial performance by far exceeds analysts' estimates, as the net profit spiked 31%, hitting 5.23 billion dollars, while revenue grew 13%, totalling 16.4 billion dollars.

Latvia reports largest unemployment drop in EU

Latvia posted the largest unemployment rate fall in the European Union, compared to 2009 and 2010 indicators, when the unemployment fell from 20.1% to 17.3%, according to Eurostat data.

Working on weekends complies with international rigths

If workers are employed on Saturdays and Sundays, as well as on holidays, they are ensured the protection stipulated by the European Union – the right to recreation at another time, indicates Elīna Egle, Director General of the Latvian Employers' Confederation.

Royal wedding costs around 34 million dollars

The total costs of Prince William and Catherine Middleton’s wedding could amount to 34 million US dollars, while their predecessors Prince Charles and Diana's wedding cost 110 million US dollars.

Construction costs drop 0.6%

Compared to February 2011, construction costs in Latvia dropped 0.6% on average in March this year. Costs of machinery and equipment maintenance grew 1.8%, while construction materials prices – 0.1%. Labour remuneration fell 5.2%.

Swedbank: fiscal policy needs improvements

The state budget situation is improving faster than expected and this year the government plans to reduce the budget deficit more rapidly than it was projected when approving the 2011 state budget, Swedbank indicates.

Photos of the Week 2011.04.29

Each Friday BNN-NEWS.COM offers the most interesting, the most scandalous and simply the most beautiful pictures from all over the world.

Lithuania’s annual GDP climbs 6.9%

The Lithuanian annual Gross Domestic Product surged 6.9%, indicating the crisis prevailing in Lithuania over the last three years is truly over.

Oil price drops over fears of decreasing demand

On Friday, April 29, the oil price fell after a 31-month high. This is tied to concerns over the impact of slow price climb on the demand drop.

Pure Food sold after posting the best profit

The company was sold at the time when its profit figures were the best since its establishment in 1994 – last year the turnover hit 12.6 million lats, but profit – 664.4 thousand lats, points out Aivars Žimants, who sold his company SIA Pure Food to the Belgian Puratos.

State Revenue Service forfeits millions of lats on electronic system errors

Several millions of lats are lost due to problems with the State Revenue Service Electronic Declaration System.

Expert: tax rise limits individual freedom

Latvia should turn much more attention to economic security issues, says Aivis Ronis, Latvian-American financial forum President, adding that we cannot achieve that with mere figures.

Panasonic to eliminate 17 000 jobs

Japan's biggest electrical goods manufacturer Panasonic has announced about its decision to cut thousands of jobs, thus adjusting the company to the changing global environment.

Lithuanian economy grows 6.8% in first quarter

Annual seasonally and working-day adjusted data, Lithuanian economy has expanded 6.8% in the first quarter of 2011, compared to the same period a year ago, according to Lithuania statistics department.

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